earnings
confidence high
sentiment negative
materiality 0.65
MeiraGTx reports 2022 net loss $129.6M; pipeline advances toward 2024 BLA
MeiraGTx Holdings plc
- Net loss of $129.6M ($2.87/share) vs $79.6M in 2021; revenue $15.9M (down from $37.7M on lower milestone payments).
- Cash and equivalents $115.5M plus $21M Janssen receivables; expected runway into Q4 2024.
- Phase 3 Lumeos trial for botaretigene sparoparvovec (XLRP) enrolling; BLA submission on track for 2024.
- AAV-hAQP1 for xerostomia showed 75% symptom improvement; Phase 2 planned Q2 2023.
- AAV-GAD for Parkinson's dosing patients; enrollment completion anticipated Q3 2023.